Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

City Midlothian VA
Current Unemployment 5.1% 12 mos. ago 5.9
Avg cost 3 BR 275,000.00
Avg Rent $1600.00
Avg Taxes $1200.00
Avg DOM 96

1. What city are you in - Merritt Island, Florida
2. What is the current unemployment rate and what was it 12 months ago? current is 11.1 12 mos 9.5
3. What is the current average cost of a 3 bedroom house in your area? Depending on the location on the island, it can be $120,000 to $300,000.
4. What is the average rent for that same house? From 1000 to 1800 per month.
5. What are the average annual taxes for that property? $2000 to $4000
6. What are the current days on market? 4-12 months

1. What City are we in?
St. Paul, MN/zip code 55117
2. What is our current unemployment rate and unemployment rate 12 mos ago?
5.7% - Nov. 2012
5.9% - Nov. 201
(one step further) - 7.0% - Nov. 2010
3. Current average cost of 3 bedroom - 1200-1500 sq foot home in our area?
$129,525.
4. Average rent for same home?
$1098 - 1311
5. Average property taxes for that home?
$1256.39
6. Average days on market
29.75

1. Omaha, NE
2. current rate-3.4%; 3.9% Oct 2012
3. $134,500
4. $1000
5. $2538
6. 78 DOM

1- I am in the city of Southfield, MI

2- The current unemployment rate is 8.1%. Last 12 months unemployment rate was 10.2%

3- Average cost of 3 bdrm is $100K.

4- Average rent is $700.

5- Average annual taxes for the properties = $2,000.

6- Current DOM = 50 days.

Sincerly,
Rhonda -Local Realtor

#1 - Nashville , Tenn #2 unemp - 11/2011 - 7.2% and 11/2012 - 5.7% #3 avg 3 br cost $160,000 #4 avg rent $1050 - 1100 #5 annual taxes - $1350 #6 days on market 82.This market is gettin' hot , Dean !!!

here is something for all of you.

I just have to say that if you look at the get you probably will not get it.

If you look at what you want you will get it.

DEAN IS GREAT!!!
LOOK AT MY SITE !

http://www.intergradedmoney.com

1. What city are you in?
Gowanda N.Y.
2. What is the current unemployment rate and what was it 12 months ago?
now 8.1%
ago 9.7%
3. What’s the current average cost of 3 bedroom house in your area?
70,000
4. What’s the average rent for that same house?
800
5. What are the average annual taxes for that property?
1,500
6. What are the current days on market?
100 days

1. What city are you in? Henderson, Nevada

2. What is the current unemployment rate and what was it 12 months ago? 9.6%/12.5% 12 months ago

3. What’s the current average cost of 3 bedroom house in your area? $150,000

4. What’s the average rent for that same house? $1050

5. What are the average annual taxes for that property? $1200

6. What are the current days on market? 140 days

1. The most recent unemployment rate that has come out for Franklin County, Ohio which is Columbus and the surrounding suburbs/cities is 5.5%. This is the November, 2012 rate which was reported in December, 2012. The unemployment rate for November, 2011 was 6.5% so it has improved by 1%. A good trend.

2. I will give you the average cost of a 3 BR house in Columbus and in each of the major surrounding suburbs. I will give you one number for Columbus and 2 numbers for each of the surrounding suburbs. The reason for this is that I ran 2 sets of numbers, one from a source that used all sales and the other was the MLS which only gave sales of listed homes. The MLS was consistantly higher, I believe because it did not include most of the forclosure sales as a lot of them went through the county.
City AVG Sale $$ AVG MLS Sale $$
Columbus 74,000
Galloway 91,750 122,245
Hilliard 136,598 144,939
Dublin 175,500 243,291
Grove City 95,001 128,095
Worthington 185,000 215,195
Westerville 141,500 167,130
Gahanna 118,000 126,621
Reynoldsburg 76,850 92,683
Upper Arlington 232,500 279,580
Bexley 183,572 169,731

3. The average rent for a 3 bedroom house varies quite a bit in each suburb as well as Columbus. This is due to the square footage of the houses and the desirability of each location. I tried to break it down by square footage but due to the many different locations of the houses, I would obviously not just use this one number.
City Rent Range AVG Rent Avg Rent/SF
Columbus 679-1,400 1,009 $0.69
Galloway 950-1,250 1,122 $0.76
Hilliard 900-1,200 997 $0.70
Dublin 1,400-1,700 1,590 $0.96
Grove City 900-1,600 1,314 $0.76
Worthngtn 1,000-1,400 1,247 $0.69
Westervil 1,100-1,800 1,433 $0.90
Gahanna 850-1,235 1,045 $0.76
Reynoldsbur 900-1,500 1,146 $0.67
U.A. 1,250-1,650 1,386 $1.10
Bexley 1,200-1,750 1,376 $0.85

4. I am giving you the property tax rate for each area. All you will have to do to figure the taxes is to look at the county auditors assessed value of the home and multiply it by the rate below. If you feel that the assessed value is well above the value of the property, you may appeal the valuation.

Columbus .0208 x 100,000 = $2,080 for 100k home
Hilliard .0255
Westerville.0292
Reynoldsbrg.02678
Galloway .0255
Worthington.0251
Grove City .0239
Gahanna .0249
U.Arlington.0229
Bexley .0233
Dublin .0254

5. I retrieved the Days on Market for each area from the MLS service. These are averages for each area of the houses that were sold.
Columbus 74.53
Hilliard 80.75
Westerville 73.75
Reynoldsburg 114.65
Galloway 70.50
Worthington 61.20
Grove City 72.25
Gahanna 72.00
Upper Arlington 52.65
Bexley 128.00
Dublin 52.50

The sales numbers and the DOM numbers were all from sales that were since October 1,2012.
Franklin County has a population of 1.2 million. Columbus is 800,000 of that.
I am really excited about the opportunity to work with you but whether you chose me or not, I really hope that the information above is helpful to you in your investing. Have a great new year.
Sincerely,
John Wells
P.S. I just previewed the post and the numbers don't quite line up under the headings the way they did as I typed them in so if you have any questions, please contact me.

1. What city are you in?
Salem, oregon

2. What is the unemployment rate in your area?
As of Nov 2012 it is 8.7%
As of Nov 2011 it was 9.2%

3. Average cost of a 3 bedroom home in your area
by area code
97301=$145665
97302=291750
97304=$215720

4. Average rent on the same homes
97301=$950-1900
97302=$1050-2995
97304=$1000-2995

5. Average taxes
97301=$1200-2200
97302=$3000-3600
97304=$3500-4500

6. Days on market
117 DAYS ON MARKET

1. Mesa, Arizona

2. Current- 6.5% unemployment
12 mo.ago-8.1%

3. $145,000.00

4. $1,052.00

5. $823.00

6. 38.75 days

Thank you

1. Dubuque, IA
2. 4.2% was 4.9%
3. $119,500
4. $1000
5. 2,072.00
6. 2 months

1. Riverdale, GA a suburb of Metro Atlanta
2. Current unemployment rate 10.2; 12 months ago it was 11.6
3. Current average cost of a 3/2 SFR is $48,823
4. Average rent for this home is $846
5. Average annual taxes is$1.017
6. Current DOM is 54

1. Matteson IL

2. Unemployment rate as of 9/2012 (8.5%), as
of 9/2011 (10.7%)

3. 68 properties sold in the last 6 months
(25,000-219,900) median 108,500

4. Rental range 975-1375, median 1,150

5. Annual Property Taxes 2009 (4504.00)
and Taxes for 2010 (4549.00)

6. Current days on market---94 day average

I picked only one area but I am not limited to this area. There are a few other cities such as Chicago, Flossmoor, Tinley Park, Hindsdale and others that I am definitely open to. Many opportunities here for investing, fix and flip, etc. I look forward to working with you and Matt.

Sincerely,
Felicia

City: Harrisonburg, VA

Unemployment rate: 5.3 in Oct '12, 5.9 in Oct '11

Average cost of 3 BR: $201000

Average rent for 3 BR: $1100/mo

Average property tax: $1100/yr

Current days on market: 238

Harrisonburg is about 2-1/2 hours southwest of Washington, D.C. There are two colleges within the city limits (James Madison University and Eastern Mennonite University) and Bridgewater College is just south of town in Rockingham County.

Lawrenceville, Ga, 39943

1. The current unemployment rate is 8.20%, in Jan. 2012 the unemployment rate was 9.3%.
2. The average cost of a 3br home in Lawrenceville, Ga is 125,000.
3. The average rent for a 3br is 895.
4. The current taxes on that property is 2,032.
5. D.O.M. is 90.

I believe Lawrenceville and Atlanta, Ga are wide open and would be a wonder opportunity for us to get a foot hold in. With me learning directly from you two there is no way we can be stopped.

P.S.
I'm still waiting on the kit that I purchased on Black Friday will you look into that for?

City I'am in: Bedford, NY 10506
unemployment rate: 6.2% (2012)
3 bedrooms house: $749,000
3 bedrooms house/rent: $3,356
Taxes: 2.7%
Days on Market: 70 days

1. Charlotte, NC

2. 8.9 12 months ago 9.7

3. $160000.00 dollars

4. $1050.00 dollars

5. $2300.00 dollars

6. It depends, Charlotte has a hot market. It's
location, location, location. Agents can't
up demand if location is right.

1. Cantonment,FL 32533

2. Current unemployment rate 7.6%, 12 months ago was 8.2%.

3. Current average cost of three bedroom house in my area is $187.164.

4. Average rent for my area is $1050.00

5. Average Annual taxes for a 3 bedroom house is $1,200.00.

6. Average days on market is 180 days.

Just completed a no-email, news, TV, radio and all modern distractions week for myself. I hope I did not miss the dead line to get in on your selection process for an area manager. Here are my answers:

1) Tampa, FL (Hillsborough And surrounding counties)

2) Source: Bureau of Labor Statistics
NOV 2011 = 10.3%
NOV 2012 = 8.1%

3) Zillow lists the median at $107,000 for NOV '12

4) Average rent at $107,000 is $1,000/month

5) Average tax is $600

6) DOM is 90

I am in a unique position to go full-time almost immediately. I am debt free and want to go full-time as soon as the deals begin.

1.-City of Downey CA
2.-Unemployment rate as of Nov/12 9.10%
as of Jul/11 9.80%
3.-Average Cost of a SFR 3 bed/1 bath $350,000
4.-Average Rent of a SFR 3 bed/1 bath $ 2,200/Mo
5.-Average Property Taxes of a $350K = $4,375/yr
6.-Days on Market :Regular Sale :45 days
Distress Sale :180 days

1. Stamford, CT and Indialantic, FL
Metro NY Tri-State area and East Cost Central Florida are two areas in which I spend alot of time and maintain residences
The Florida area is rarely hit by hurricanes due to the effect of the Cape (Kennedy/Canaveral) just north. It is a technical/engineering town with many large companies including Harris Industries which is headquartered in nearby Palm Bay. Airport is within 20 minutes. The Florida Institute of Technology draws many foreign students who are typically more respectful of rental properties.
The Fairfield CT area (Greenwich, Stamford, Norwalk...) is within commutable distance to NYC and Stamford has many corporations within its limits.
2. What is the current unemployment rate and what was it 12 months ago?
CT = 6.79% now and 7.19% last year
FL = 8.95% now and 10.43% last year
3. What’s the current average cost of 3 bedroom house in your area?
CT = $329,000
FL = $310,000
4. What’s the average rent for that same house?
CT = $2,577/month
FL = $1,800/month
5. What are the average annual taxes for that property?
CT = $6,527 in 2011, $6,264 in 2010
FL = $2,140 in 2011, $1,925 in 2010
6. What are the current days on market?
CT = 53 days
FL = 22 days

Waldorf Md
unemployment 5.6% now 5.7% a year ago
Average cost $274,000
Rent $1752.00
Taxes $2893.00
14 days on Trullio
3234 Guilford Place Waldorf, Md. 20602

1. What city are you in? --Reno, NV
2. What is the current unemployment rate - 10.1%
and what was it 12 months ago? --13.1%
3. What’s the current average cost of 3 bedroom house in your area?
Avg Asking Price $181,066
Avg SOLD Price $122,840

4. What’s the average rent for that same house? Average Rental Price: $936 for 1,200 sq ft. house

5. What are the average annual taxes for that property? --housing units with mortgages in 2009: $2,007 (0.8%)

6. What are the current days on market? --104

1.) What city are you in ? Forked River, NJ
2.) What is the current unemployment rate and what was it 12 months ago? As of Dec. 2012 it was 12.27%
and from last Dec. 2011 it was 10.97%

3.) What is the current average cost for 3 bedroom house in your area? Average cost for 3 bedroom ranch house is $170,000.00 in the neighborhood.

4.) Average rent for the same ranch house in your area? It range about $1350.00 to $1,000.00

5.) The average annual taxes for that property?
Its about $2661.00 to $3,000.00 last 2011..

6.) What are the current days on the market?
122 days

I hope this info help you guys and hope to hear from you soon and see what you think??

Thank you,
Anna Marie Cort

1.ORLANDO (UCF College Area)

2. 7.9% in 2012 and 9.9 % in 2011

3. Average Home in Orlanndo/ UCF Area sells for 125,000

4. Average rent is $1,100.00

5. Average taxes are about $1,800.00

6. CDOM- 75 Days

Thanks For the Opportunity

JOSE ZAPATA
DGI Elite Member
R.E.I
Realtor in FL

1. Denton, TX
2. Current UE rate: 4.8% 12 months ago UE rate: 5.7%
3. Average cost of 3 bed sfr $132K
4. Avg. rent for 3 bed sfr $1175
5. Avg. taxes for 3 bed sfr $3000/yr.
6. Avg. dom: 100

The market here has begun to bounce up a bit with prices beginning to rise and unemployment beginning to drop a bit. Two major universities and a Community College here have made this city a hot spot for this economy as people have returned to college for career change and advancement education. Most try to move here to be close to the universities which has caused a shortage of rentals for the students. As an Administrative Assistant/Office Manager, I have experience working for government, public companies large and small, as well as owning/operating my own business. I have a passion for real estate and believe that now is the time to take action to make real estate my main source of income.

Ruth & Gil Rodriguez, Tucson Az.

1. U.E. currently 7.60% last yr. 7.0% October 2012

2. Three bedroom House Sales $ 140000.-160000.

3. Rent is $1100.00

4. Annual Taxes approx. $ 1052.00

5. 68 days up to (120 days)

City: Anchorage, AK

Unemployment Rate: 4.9% (Nov 2012); 5.5% (Dec 2011)

Average Cost/3 BR: $315K
(Avg Foreclosure/3BR: Avg $206K)

Average Rent: $1800 - $2000

Average Annual Taxes: $4500
(Avg Foreclosure/3BR: $3100)

Average DOM: 59

1. What city are you in? HONOLULU, HI

2. What is the current unemployment rate and what was it 12 months ago?

Currently 4.8% & 5.6% one year ago.

3. What’s the current average cost of 3 bedroom house in your area?
$495,000

4. What’s the average rent for that same house?

$2150

5. What are the average annual taxes for that property?

$1050

6. What are the current days on market?
For the month of December it was 30 days.